It's official: Big Data really does work. Among organisations that have used big data in more than half of their marketing initiatives, 60% exceeded their goals, compared to only 33% of those using big data in fewer than half of their marketing efforts, according to research from Forbes Insights and big data intelligence firm Rocket Fuel.
The study, entitled 'The Big Potential of Big Data', was based on a mid-2013 survey of 211 senior marketers based in the US, including corporate and advertising agency executives. Forbes Insights also conducted one-on-one interviews to provide additional context for the study's findings.
The report found that heavy users of big data were much more likely to produce useful insights about consumers than light users or non-users. But more importantly, according to Bruce Rogers, chief insights officer for Forbes Media, heavy users of big data are also more likely to report gains in sales.
Among the study's key findings:
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